Insurance industry could be massively impacted by large space weather event

June 7, 2013June 5, 2013 Julie Campbell

insurance industry electrical network disruption space weather event

Lloyd’s of London has released a report cautioning that a massive electricity network interruption could occur. According to a new report from Lloyd’s of London, the insurance industry in North America could be highly affected by a severe space weather event, as it could lead to a massive electricity network disruption throughout the continent. The report was called “Solar Storm Risk to the North American Electric Grid” and was released as a caution. It expressed that the insurance industry could find between 20 to 40 million Americans at risk of…

Insurance news looks to Asia where insurers are seeing a new land of opportunity

August 13, 2012April 30, 2013

Asian countries are receiving lots of attention from large coverage providers. Some of the largest insurers in North America are making insurance news as their set their sights on Asia and the potentially lucrative business for wealth management that is presenting itself there, as they make efforts to balance the losses that they have been experiencing in traditional markets as a result of interest rates that remain continually low. Common insurance news from the second quarter involved low earnings on many levels. Insurers’ earnings from Q2 were smashed down by…